CDL, Sincere Property disagree over the Chinese developer's missed debt payment

Chengdu Hilton Hotel and Starlight 68 Mall (above) are among the properties Sincere Property Group owns and operates.
Chengdu Hilton Hotel and Starlight 68 Mall (above) are among the properties Sincere Property Group owns and operates.PHOTO: CDL

SINGAPORE - Sincere Property Group was already one of the largest real estate developers in Chongqing city in central China before it made headlines here when Singapore's City Developments Limited's (CDL) investment in the Chinese developer came under scrutiny.

But Sincere, which owns and operates a range of properties in about 20 cities in China, has reportedly been facing liquidity challenges, noted analysts and reports in the Chinese media.

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